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It’s fascinating how history informs us about the evolution of state power and its reliance on violence to enforce compliance. Reflecting on the industrial age,
by alchemist1e9 3y ago
It’s fascinating how history informs us about the evolution of state power and its reliance on violence to enforce compliance. Reflecting on the industrial age, we see how the permanence of factories and infrastructure bolstered the state’s capacity for coercion—a tool leveraged to an extreme in fostering ideologies like communism. The physical nature of wealth, exemplified by gold bars, presented an opportunity for straightforward confiscation.
Contrast this with the digital age, where Bitcoin introduces a paradigm shift. The inefficacy of traditional state violence against digital assets is stark. The very concept of borders becomes almost anachronistic when considering the ease with which a Bitcoin wallet can be concealed and transported, unlike the gold coins of yore that families might have smuggled in loaves of bread.
The suggestion that authoritarian regimes would willingly adopt Bitcoin is where the real absurdity lies. Such governments thrive on control and suppression, the antithesis of the free-market principles Bitcoin embodies. To imagine they would facilitate their own obsolescence by embracing a decentralized currency is to fundamentally misunderstand their nature.
Your apprehension that state violence will quash Bitcoin’s rise underestimates the resilience and decentralization of digital currencies. As Bitcoin continues its trajectory, reshaping the financial landscape, it will not be the threat of violence that determines its fate but its inherent ability to provide an alternative to those governed by fiat’s limitations. Your perspective, while rooted in historical precedents of state power, may indeed lead to confusion as you witness the unfolding impact of Bitcoin and its challenge to conventional monetary systems.
- lovich 3y agoCrypto enthusiasts have barely dealt with state violence. You are such a fraction of economic activity that you barely register on the radar of actual powers. Fuck with the money that states control in a manner where one with a military feels threatened by it, survive their reaction, and then ill believe you that crypto has managed to make violence obsolete. I am going to use a meme to make a flippant point here, but this is what crypto enthusiasts sound like when they say theyre overcoming fiat currencies and there is nothing countries can do to stop them https://i.kym-cdn.com/photos/images/newsfeed/001/778/145/b6f.png https://i.kym-cdn.com/photos/images/newsfeed/001/778/145/b6f...